Cloudflare, Inc.: director Carl Ledbetter sold 5,000 shares

What happened

• Carl Ledbetter, a director of Cloudflare, Inc., sold a total of 5,000 shares on Oct 19, 2026: 1,931 shares at a weighted average price of $303.64 for $586,321; 1,963 shares at a weighted average price of $304.47 for $597,683; and 1,106 shares at a weighted average price of $305.60 for $337,990. Total proceeds reported: $1,521,994.

Key details

• Transaction date: Oct 19, 2026.
• Prices and ranges: first lot weighted average $303.64 (sales ranged $303.015 to $303.89); second lot weighted average $304.47 (sales ranged $304.055 to $305.05); third lot weighted average $305.60 (sales ranged $305.55 to $306.065). The filing notes the reported prices are weighted averages and that the reporting person will provide detailed per-price quantities on request.
• Plan and record ownership: the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on Feb 25, 2026. The shares are held of record by the Carl S. Ledbetter Trust dated Feb 14, 2020, for which Ledbetter serves as trustee.
• Filing date and timeliness: Form 4 filed on Oct 19, 2026; no late filing is indicated in the provided data.
• Shares owned after the transaction: not reported in the provided filing summary.

Why it may matter

• This was an open-market sale effected under a Rule 10b5-1 plan; it is not reported as an option exercise, gift, or tax withholding event in the provided data.
• The filing reports the trust ownership and the existence of a prearranged trading plan, but it does not state the insider's reasons for the sales. A filing does not show why the insider traded or why the company acted.